Game Over For RMG Sector, India’s Quantum Conundrum & More

Is It Game Over For India’s RMG Sector?

India’s online gaming industry is battling for its survival. The lower house of the Parliament has passed a bill, which proposes a ban on all forms of online gaming that involve real money. The draft norms don’t just render the business models of industry leaders like Dream11, MPL and Games24x7 obsolete — it has its ripples across. 

• Banks will be prohibited from processing financial transactions of real-money gaming (RMG) players
• Advertising of…